THE ETHEREUM MERGE; THE PROBLEM, SOLUTION, IMPLICATION, MISCONCEPTION, AND FUTURE.

The merge is simply moving from POW to POS consensus mechanism

I know we all know by now how POW & POS work, their major differences, advantage

disadvantage

some of the motives behind the merge

The transition to PoS aims at making Ethereum more energy-efficient,

more secure, and creates room for more scalability with sharding later on.

Instead of transitioning Ethereum to PoS is split it into two steps.

The first step was launching the Beacon Chain which was successfully executed in December 2020.

the beacon POS chain was created separately to test run the working process before the merge.

The Merge is responsible for merging the user state of the Ethereum network with the PoS Beacon chain.

And before the transition to PoS, to validate the Ethereum network, the node operators run one of the existing client implementations such as Geth.

These client implementations bundle the execution layer, that is the Ethereum virtual machine, and the consensus layer mechanism (PoW).

For the Ethereum network to be transited to the Proof of Stake model smoothly, the execution and consensus layers are unbundled.

which means that both of these layers can be run separately. They can also be developed by completely different teams specializing in one of the layers,

which I think is cool and innovative.

what makes this innovative is the fact that After the Merge, a full node will consist of an execution node and a consensus node.

And also an Engine API responsible for the communication between the execution and consensus nodes.

some implication of the merge is; that it will make the Ethereum network scalable with the help of layer 2s, more secure, less energy consuming, and also make Ether a deflationary asset.

Some misconceptions are; First off The network can't scale on its own even after the merge, and gas fees will not be less until sharding has been done to

the network in many ways. There will not be two Ether ( for the beacon chain, and Ethereum 2.0) which is a very common misconception.

The Ethereum Merge is one of the biggest upgrades in the history of the cryptocurrency space.

At the moment, the merge is predicted to happen around September 2022, all things go well on the Goerli testnet phase.

Despite potential risks, the researchers and developers have been working hours making sure there are no surprises during the mainnet merge.

After the Merge, Ethereum will become more secure and sustainable. which the next comes phases for the Ethereum network heavily depended on the merge success; the surge

the purge, the verge, and the splurge which I can't for.